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$1,030,000
Status: For Sale
Investment Opportunity Prime Location: Situated in a highly sought-after area with promising growth prospects, this property is strategically positioned to maximize returns on your investment. Current Income-Generating: The existing 2-story commercial building is already occupied with a successful commercial unit on the ground floor and two spacious 2-bedroom residential units on the second floor, providing a stable rental income from day one. All units separately metered, Tenants pay utilities. Residential units come complete with refrigerators, stoves, washers and dryers. Residental units have quartz counter tops and patio doors in the living rooms with juilette balconies. Fully Renovated: The building underwent a complete renovation in 2019, ensuring top-notch quality and reduced maintenance costs. In addition For the new propsed unit there are Approved Permits in place: Take advantage of these approved permits for a proposed 3-story structure, allowing for two additional ground floor commercial units and four residential units on the upper floors. Streamlined development process saves you time and effort.
Property Type | :Commercial Sale |
MLS Number | :40516633 |
Listing Type | :Sale |
Property Age | :31-50 Years years |
Possession Date | : |
Last Updated | :01 Jun, 2024 (110 Days ago) |
Source | :The Lakelands |
Area | :Muskoka |
City | :Gravenhurst |
Area Major | :Gravenhurst |
Area Minor | :Gravenhurst |
Postal Code | : P1P 1G3 |
Directions | :HIGHWAY 11 TO BETHUNE DRIVE, TO 435 MUSKOKA ROAD NORTH |
Price | : $1,030,000 |
Property Taxes | :$5086.91 |
Tax Year | :2023 |
Bedrooms | :4 + |
Place of Worship | :No |
Approx Square Footage | :3200 sqft |
Parking Space | :11 |
01 Jun, 2024
TREB #40516633
Listed
$1030000